Link here to continue reading Changes to PILOT policy suggested
By NANCY MADSEN
TIMES STAFF WRITER
THURSDAY, OCTOBER 28, 2010
Jefferson County legislators had a few suggestions for changes to the proposed uniform tax-exempt policy from the Jefferson County Industrial Development Agency.The Finance and Rules Committee held a special meeting Tuesday night to discuss the measure.
It outlines what standard payment-in-lieu-of-taxes agreements are and when the agency will use them. In the past, if a development was eligible for one of the allowed standard PILOTs, the agency board could avoid going to each taxing jurisdiction for approval. But under the proposed policy, the agency must get approval from all jurisdictions for every PILOT and its distribution.
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